What were they serious about?
During the 2008 financial meltdown, all they did was blame the USA, and insist that the social market replace the free market.
I meant back when they were still known at West Germany.
The Germans did an odd thing after the meltdown...they asked questions. How did the US government allow all this speculation of real estate to turn into investment opportunities with questionable values? How did the US banks convince almost all of the banks in Iceland to invent investment tools drawing in thousands of naive Germans? What exactly was the SEC doing for the past five years? As the head of the German Tresaury was reacting in the early stages....how did American banker VIPs get his number and continue to call their private home number....trying to get leverage on the market place in the initial early stages?
As Timothy Geithner arrived and started spewing bogus financial wisdom...that was the last straw and Germany began to question almost every single strategy that new administration was putting into place. Geithner’s name still gets brought up and German financial experts laugh over his strategy ideas.
This anti-stress law? They are reacting to a growing trend of Germans getting early pensions because doctors and mental health experts have signed off on Germans no longer being capable of working....way before age 66. Since 2005, there’s another twenty thousand Germans on top of the forty-seven thousand that existed then.
How close are we to doing the same thing with Social Security? You might want to speculate and think about this. The federal government now runs both health care and social security. It won’t take more than a decade to have ten million Americans on stress-related retirement by their late 20’s. You are simply getting an early view of what will come to America by 2025.